secwatch.observer — SEC 8-K summary
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Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001193125-25-047525
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hercules Capital prices $250M 4.75% Convertible Notes due 2028
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- Priced $250M aggregate principal of 4.75% Convertible Unsecured Notes due Sept 1, 2028.
- Initial conversion price of $21.48 per share, a 12.5% premium over March 5 closing of $19.09.
- Initial purchasers granted option to buy up to an additional $37.5M in notes for overallotments.
- Closing expected March 10, 2025; net proceeds used for investments and general corporate purposes.
- Company cannot redeem notes prior to maturity; conversion settlement may be cash, stock, or combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000119312525047525/0001193125-25-047525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000119312525047525/d910193d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-047525

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